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2,820 Shares in Fidelity National Information Services, Inc. (NYSE:FIS) Purchased by Hikari Power Ltd

Defense World · Oct 1, 2022 04:22

Hikari Power Ltd bought a new stake in shares of Fidelity National Information Services, Inc. (NYSE:FIS – Get Rating) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,820 shares of the information technology services provider's stock, valued at approximately $259,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. AllSquare Wealth Management LLC grew its holdings in Fidelity National Information Services by 26.9% during the 1st quarter. AllSquare Wealth Management LLC now owns 462 shares of the information technology services provider's stock valued at $46,000 after buying an additional 98 shares in the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of Fidelity National Information Services by 1.4% during the first quarter. Ameritas Advisory Services LLC now owns 7,154 shares of the information technology services provider's stock worth $718,000 after purchasing an additional 100 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Fidelity National Information Services by 1.4% during the first quarter. Benjamin Edwards Inc. now owns 7,501 shares of the information technology services provider's stock worth $753,000 after purchasing an additional 101 shares in the last quarter. West Family Investments Inc. grew its holdings in shares of Fidelity National Information Services by 0.6% during the fourth quarter. West Family Investments Inc. now owns 16,342 shares of the information technology services provider's stock worth $1,784,000 after purchasing an additional 105 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. grew its holdings in shares of Fidelity National Information Services by 1.5% during the first quarter. Laurel Wealth Advisors Inc. now owns 7,529 shares of the information technology services provider's stock worth $756,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts have recently commented on FIS shares. Keefe, Bruyette & Woods lowered Fidelity National Information Services from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $120.00 to $98.00 in a report on Sunday, September 18th. Deutsche Bank Aktiengesellschaft dropped their target price on Fidelity National Information Services from $116.00 to $90.00 and set a "hold" rating for the company in a research report on Friday, September 23rd. Truist Financial dropped their target price on Fidelity National Information Services from $105.00 to $100.00 and set a "hold" rating for the company in a research report on Thursday, June 30th. Evercore ISI upgraded Fidelity National Information Services from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $115.00 to $135.00 in a research report on Monday, June 13th. Finally, Stephens lowered their price objective on Fidelity National Information Services to $95.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.46.

Fidelity National Information Services Price Performance

Shares of FIS stock opened at $75.57 on Friday. The stock has a market cap of $45.94 billion, a price-to-earnings ratio of 54.76, a PEG ratio of 0.75 and a beta of 0.78. The business's fifty day moving average is $92.45 and its 200 day moving average is $96.29. Fidelity National Information Services, Inc. has a twelve month low of $75.54 and a twelve month high of $126.20. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.25.

Fidelity National Information Services (NYSE:FIS – Get Rating) last released its earnings results on Thursday, August 4th. The information technology services provider reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.03. Fidelity National Information Services had a return on equity of 8.95% and a net margin of 5.88%. The firm had revenue of $3.72 billion for the quarter, compared to analysts' expectations of $3.67 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The company's quarterly revenue was up 7.0% on a year-over-year basis. Research analysts expect that Fidelity National Information Services, Inc. will post 7.06 EPS for the current fiscal year.

Fidelity National Information Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a $0.47 dividend. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.49%. Fidelity National Information Services's dividend payout ratio is currently 136.23%.

Insider Transactions at Fidelity National Information Services

In other news, CEO Gary Norcross sold 39,403 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $93.20, for a total value of $3,672,359.60. Following the sale, the chief executive officer now directly owns 846,643 shares of the company's stock, valued at $78,907,127.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO James W. Woodall sold 80,000 shares of the company's stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $90.07, for a total transaction of $7,205,600.00. Following the transaction, the chief financial officer now directly owns 131,598 shares of the company's stock, valued at $11,853,031.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary Norcross sold 39,403 shares of the company's stock in a transaction on Monday, September 12th. The shares were sold at an average price of $93.20, for a total value of $3,672,359.60. Following the transaction, the chief executive officer now directly owns 846,643 shares in the company, valued at $78,907,127.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 207,240 shares of company stock valued at $18,934,354. Insiders own 0.68% of the company's stock.

Fidelity National Information Services Profile

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Fidelity National Information Services, Inc provides technology solutions for merchants, banks, and capital markets firms worldwide. It operates through Merchant Solutions, Banking Solutions, and Capital Market Solutions segments. The Merchant Solutions segment offers enterprise acquiring, software-led small- to medium-sized businesses acquiring, and global e-commerce solutions.